Rice price today November 7, 2022: Low supply, high rice price

rice price today 11/07/2022: Low supply, high rice price today‘s rice price in the Mekong Delta remains stable. Many businesses predict that the high price of Vietnamese rice will last until the end of December. According to traders, today the supply of rice is stable, the demand is still quite high while the supply of the autumn-winter crop is limited. In the world market, the export rice price remains stable compared to yesterday. According to the Vietnam Food Association, the export price of 5% broken rice is at 428 USD/ton, 25% broken rice is at 408 USD/ton. Rice prices are forecast to continue to increase and Vietnam’s rice export opportunities are more open as concerns about limited supply are increasing. The reason for the price increase is that international import demand in the last months of the year is high while supply is limited due to unfavorable weather in some rice-growing countries. Commenting on the year-end rice market picture, businesses said that the upward trend will continue in the coming time. The high price of Vietnamese rice will last until the end of December. #giagao #nongnghiep #nhanong #mientay #rice #gaonguyenlieu #gaothanhpham #giagaohomnay #giagaole

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